Hayo, Bernd; Henseler, Kai; Rapp, Marc Steffen; Zahner, … - 2020
2017, during which unconventional monetary policy measures (UMPM) substantially increased communication complexity … without UMPM-announcements, we find more complex communication, i.e. high linguistic complexity and UMPM-announcement, is asso …-ciated with a lower level of contemporaneous trading activity. Moreover, complex commu-nication leads to a temporal shift in …